Asia/Pacific

India shifts diesel exports to West Africa as EU bans Russian crude-derived fuel

The developments highlight that the EU policy, aimed at punishing Russia over its 2022 full-scale invasion of Ukraine, is prompting a further reordering of intercontinental oil flows, forcing India’s oil refineries to seek new markets and disrupting Turkey's lucrative trade in supplying fuel to the EU.

South Korea's S-Oil says Q1 refining margins to stay robust

Biofuels firm Ecoceres running new 420,000-tpy Malaysia plant at near full capacity

Topsoe fuels China’s push for sustainable aviation fuel: Selected as technology provider for major project

India says state-run BPCL to sign $780-MM oil deal with Brazil's Petrobras

Indian refiners are redrafting their oil import strategies, buying more oil from Middle Eastern, African and South American countries to make up for a reduction in Russian oil supplies.

Russian oil exports to China surge in January as India, Turkey cut buying

The United States and the European Union imposed sweeping sanctions in late 2025 targeting Russian oil sellers and shippers, including energy giants Rosneft and Lukoil, complicating purchases for global buyers and tightening scrutiny on Russian crude exports.

Indian refiners shift oil strategy; trim Russian buys and turn to the Middle East

MHI and ITB deepen research collaboration on ammonia-based clean power

Global LNG supply set to jump in 2026, limiting prices and spurring demand

Indian refiners shift oil strategy, trim Russian buys and turn to Middle East

Indian refiners are redrawing crude import strategies to shift away from top supplier Russia and boost imports from the Middle East, a move that could help New Delhi clinch a trade deal with the United States to lower tariffs.